$NVIDIA (NVDA.US)$ [Goldman Sachs top stock analyst: AI will...

$NVIDIA (NVDA.US)$ [Goldman Sachs top stock analyst: AI will not set off an economic revolution, the bubble will eventually burst]
"Most technological transformations in history, especially those that are transformative, are to replace very expensive solutions with very cheap solutions. And the possibility of replacing jobs with extremely high-cost technology is basically the exact opposite."
"What trillion-dollar problem will AI solve? Replacing low-paying jobs with expensive technology, which is completely opposite to the previous technological transformations I have witnessed in the three decades of closely following the technology industry."
Covello believes that in order to justify its high cost, AI "must be able to solve complex problems, which is not what it was designed for." AI technology is very expensive, and even replacing humans with machine learning cannot reduce costs.
Covello's report wrote: "We found that AI updates historical data in our company's models faster than (human) manual updates, but the cost is six times that of manual updates." He also said that the cost of AI technology must drop significantly before the public can afford AI to automate tasks